Commercial Land with Development
New
For Sale
$6,250,000
424-432 McDowell Street & 216 W Cabarrus Street, Raleigh, NC 27601
Conceptual schemes outline hotel and apartment-retail configurations, with parking shown in the mixed-use plan.
Property SizeContact for details
Days on Market7
Property Features for 424-432 McDowell Street & 216 W Cabarrus Street
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
Trinity Partners
Listed By:
Boss Poe, CCIM · License #175989
(919) 868-0016
Source:
Trinity-partners
Added: Sep 28
Last Checked: Oct 4 at 7:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Trinity Partners
Investment Insights
Based on property information with market context.
The 0.58-acre commercial land parcel is at 424-432 McDowell Street and 216 W Cabarrus Street in downtown Raleigh. Conceptual plans include a 168-key hotel and a mixed-use apartment and retail project with an integrated 323-space parking deck.
The property sits directly across from the Raleigh Convention Center and the future Red Hat Amphitheater site. Parking access is described through long-term leases in nearby private lots and an adjacent Wake County deck with more than 900 spaces. The site also has zoning exemptions and reduced parking requirements.
The property sits directly across from the Raleigh Convention Center and the future Red Hat Amphitheater site. Parking access is described through long-term leases in nearby private lots and an adjacent Wake County deck with more than 900 spaces. The site also has zoning exemptions and reduced parking requirements.
Key Highlights
- 0.58‑acre commercial land parcel in downtown Raleigh
- Directly across from the Raleigh Convention Center and future Red Hat Amphitheater site
- Hotel concept includes 168 keys
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,881
Businesses Nearby
Explore this area
Business Placement
Demographics for 27601, NC
9,965
Population
4,874
Households
2
Avg Household Size
32
Median Age
49%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
5,536
Density / Sq Mi
$70,433
Median Household Income
$51,443
Median Earnings
$1,499
Median Rent
$572,600
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Conceptual schemes outline hotel and apartment-retail configurations, with parking shown in the mixed-use plan.
Where is this commercial land located?
The property is located at 424-432 McDowell Street & 216 W Cabarrus Street Raleigh, NC.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: 0.58‑acre commercial land parcel in downtown Raleigh; Directly across from the Raleigh Convention Center and future Red Hat Amphitheater site; Hotel concept includes 168 keys
